People walk by an electronic stock board in Tokyo. Associated Press
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support.
Japan’s economy contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday. Exports also deteriorated amid trade disputes and weaker global demand, hurting the trade-reliant economy. Gross domestic product (GDP) is expected to have fallen 0.2% in January-March on an annualised basis,
Japan’s economic growth unexpectedly accelerated in January-March, driven by net contributions from exports and defying forecasts for a contraction in the world’s third-largest economy. However, the surprise expansion was mostly caused by imports declining faster than exports, likely reflecting weak domestic demand,
The bitter trade war between China and the United States kept Asian factory activity mostly in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks.
China’s foreign exchange reserves fell $9 billion in November to $3.096 trillion, central bank data showed on Saturday, as Washington and Beijing remained locked in negotiations over an interim trade agreement.
Dubai Silicon Oasis Authority (DSOA) the regulatory body for Dubai Silicon Oasis (DSO) an integrated free zone technology park, and Finsa, a Spanish industrial company, celebrated the inauguration of Finsa Middle East’s
Expo Centre Sharjah (ECS) reviewed the Centre’s prominent economic events. The Expo Centre Sharjah (ECS) highlighted its remarkable participation within the Sharjah Chamber of Commerce and Industry’s (SCCI)
Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, has commended the opening of a major infrastructure project - Maafaru International Airport, located on one of the islands of the Noonu Atoll in the Maldives.